@YoungB718 wrote:Greetings Everyone,
I’ve been lurking on this board for a few months now and I’ve come to appreciate the plethora of financial information that’s always available to me. I’m currently in the building phase and I have been for the last 6 months. I currently have FICO 8 Scores of 668 (EQ), 690 (TU), and 734 (EX). I began building with two secured cards (Cap1 and Discover IT) along with the addition of 3 authorized user accounts: Belk(19yrs/$1,600), Cap1(2yrs/$4,500), and Navy Federal(1mo/$19,500). My current available credit is $37,100 with a utilization of around 3%. I only carry a balance on my Chase Freedom since it’s 0% for 15 months. On Monday I’ll re-open my old Navy Federal account after I pay the $220 that it was once overdrawn. I’d also like to apply for my very own Navy Federal Cash Rewards card. I’m totally open to any and all advice as it relates to me furthering my quest for great credit and high limits. FYI, I only have one “Baddie” on my report…an old $330 Verizon bill that was fraudulently opened in my name but, despite how many times I dispute it, refuses to go away. -Inquiries: EX@0, TU@5, and EQ@6
AAOA@ Approximately 2 years.
If you don't have a installment loan reporting. I'd add a shared secured loan to your profile.
It will give you a better credit mix and boost your scores considerably.That along with what you already have will open the door for the credit you seek.
@YoungB718 wrote:Greetings Everyone,
I’ve been lurking on this board for a few months now and I’ve come to appreciate the plethora of financial information that’s always available to me. I’m currently in the building phase and I have been for the last 6 months. I currently have FICO 8 Scores of 668 (EQ), 690 (TU), and 734 (EX). I began building with two secured cards (Cap1 and Discover IT) along with the addition of 3 authorized user accounts: Belk(19yrs/$1,600), Cap1(2yrs/$4,500), and Navy Federal(1mo/$19,500). My current available credit is $37,100 with a utilization of around 3%. I only carry a balance on my Chase Freedom since it’s 0% for 15 months. On Monday I’ll re-open my old Navy Federal account after I pay the $220 that it was once overdrawn. I’d also like to apply for my very own Navy Federal Cash Rewards card. I’m totally open to any and all advice as it relates to me furthering my quest for great credit and high limits. FYI, I only have one “Baddie” on my report…an old $330 Verizon bill that was fraudulently opened in my name but, despite how many times I dispute it, refuses to go away. -Inquiries: EX@0, TU@5, and EQ@6
AAOA@ Approximately 2 years.
My goal would be to gradually ditch the secured cards, store cards, and AU cards, and replace them one at a time with regular cards. Also since you're interested in improving your scores, you should reduce your utilization on Chase Freedom. What good is 0% interest if your goal is score improvement?
So I would add an occasional card, and when I do, I'd drop one of the existing entanglements.
With your strong EX score I would suggest applying for Amex BCE.
